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20 Centavos Hdas. de S. Miguel Solis y Anexas

Issuer Haciendas de San Miguel Solís y Anexas
Year 1915
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Size 115 × 60 mm
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Obverse description Blue intaglio print on plain paper with black serial numbers and a red denomination numeral. The central vignette shows a man guiding a plow drawn by two oxen; to the left, an allegorical female figure leans against a disc inscribed with zodiacal signs for Libra, Scorpio, and Sagittarius while holding fruits and a cornucopia, and to the right a second allegorical female figure holds flowers and a sheaf of wheat. Fine lathe-work guilloche borders frame the composition, with the denomination and issuer legends arranged in the upper and lower panels.
Obverse lettering Hdas. de S. Miguel, Solis y Anexas Estado de Mexico Vale al portador por 20 centavos
(Translation: Hacienda de San Miguel, Solís y Anexas State of Mexico Value to bearer of 20 centavos)
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Comments

Hacienda scrip from the 1910–1920 Mexican Revolution period fills a genuine gap in the historical record — with the national banking system effectively collapsed by 1914 and Carrancista decree making most commercial paper worthless, large agricultural estates across Mexico began issuing their own vales de raya to pay workers and control local exchange. San Miguel Solís, a hacienda complex in the State of Mexico, was no exception.

The ABNC contract is the detail worth noting. Most hacienda scrip from this period was crudely lithographed locally or rubber-stamped onto card. Commissioning New York-engraved notes suggests the estate owners had both the resources and the connections to do this properly — and the intent to make forgery genuinely difficult.

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